Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

1st quarter 20181

 

1st quarter 2019

 

 

€ million

 

€ million

1

Reference information was not restated; see “Changes in Accounting as a Result of the Initial Application of IFRS 16.”

2

EBIT: income after income taxes plus financial result and income taxes

3

Weighted average number of outstanding no-par voting shares of Covestro AG in issue: 182,704,602 (previous year: 198,901,329)

Sales

 

3,779

 

3,175

Cost of goods sold

 

(2,348)

 

(2,407)

Gross profit

 

1,431

 

768

Selling expenses

 

(344)

 

(344)

Research and development expenses

 

(68)

 

(68)

General administration expenses

 

(115)

 

(96)

Other operating income

 

12

 

22

Other operating expenses

 

(9)

 

(18)

EBIT2

 

907

 

264

Equity-method loss

 

(4)

 

(6)

Result from other affiliated companies

 

 

1

Interest income

 

5

 

10

Interest expense

 

(20)

 

(23)

Other financial result

 

(9)

 

(5)

Financial result

 

(28)

 

(23)

 

 

 

 

 

Income before income taxes

 

879

 

241

Income taxes

 

(233)

 

(61)

Income after income taxes

 

646

 

180

of which attributable to noncontrolling interest

 

2

 

1

of which attributable to Covestro AG stockholders (net income)

 

644

 

179

 

 

 

 

 

 

 

 

Basic earnings per share3

 

3.24

 

0.98

 

 

 

 

 

Diluted earnings per share3

 

3.24

 

0.98